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Listing Courtesy of Douglas Elliman Real Estate
$ 3,750,000
Est. payment | /mo
20 Beds
10 Baths
$ 3,750,000
Est. payment | /mo
20 Beds
10 Baths
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Mott Haven
MLS Listing ID RLS20089331
Bedrooms 20
Full Baths 10
HOA Y/N No
Year Built 2008
Annual Tax Amount $68,400
Property Sub-Type Multi Family
Property Description
446 East 149th Street presents a compelling opportunity to acquire a modern mixed-use asset in a vibrant, transit-rich section of the Bronx, offering both in-place income and meaningful upside. Built in 2010, this six-story elevator building spans 12,539 SF and includes 10 residential units and a ground-floor commercial space. Currently, 8 units are leased, providing stable cash flow, with additional upside through leasing the two vacant apartments. Each apartment is configured as a 4-room, 2-bedroom, 1-bath unit. The commercial space generates over $11,000/month and features basement storage and four walk-in refrigerators. The tenant also contributes 25% of the property's real estate taxes, helping to offset operating costs. The 421a tax abatement expired in January 2026. As residential leases turn over, units can be repositioned to market rents, creating a clear path for income growth and long-term appreciation. Apartments offer private balconies, hardwood floors, air conditioning, and wheelchair accessibility. The building is equipped with an elevator, on-site laundry, and basement storage. Individually metered utilities, where tenants pay for gas cooking and electric hot water, help maintain efficient operations. Additional income potential exists through four storage units (approximately 8'x10'), currently owner-occupied, which could generate an estimated $2,400-$2,800 per month. Located within an Opportunity Zone, this is a well-maintained, income-producing property with lease-up potential and strong long-term fundamentals.
Location
State NY
County Bronx
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Laundry Building Other
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 6
New Construction No
Others
Tax ID 02293-0052
Ownership None
Monthly Total Fees $5, 700
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY